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Money and Finances
Reply to "Reasonable income for family of 4"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]My family feels perfectly comfortable at $160K. With 2 kids. 2K Mortgage payment.[/quote] Unfortunately you can’t get a 2k mortgage in a good neighborhood anymore (Good neighborhood is essential for this question since "good public school" falls in line with reasonable, we’re assuming we don’t have enough money for private). You’d have to try 3-5k mortgage payment for a SFH in a decent school district with the current rates and house prices. [/quote] Good is subjective but you absolutely can. We also live very comfortably and had a $2K mortgage. We worked hard to pay it off and now very comfortable with no mortgage. [/quote] If you had a mortgage long enough to pay it off, you bought your house a long time ago[/quote] This is false.[/quote]
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